Horizon Expedition Plus ETF (NYSEARCA:HBTA) Sees Significant Drop in Short Interest

Horizon Expedition Plus ETF (NYSEARCA:HBTA) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 468 shares, a drop of 92.5% from the April 30th total of 6,230 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,647 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Horizon Expedition Plus ETF

Several institutional investors have recently added to or reduced their stakes in HBTA. Kestra Advisory Services LLC purchased a new position in shares of Horizon Expedition Plus ETF during the fourth quarter worth approximately $32,000. Royal Bank of Canada increased its position in shares of Horizon Expedition Plus ETF by 164.0% during the first quarter. Royal Bank of Canada now owns 1,568 shares of the company’s stock worth $42,000 after acquiring an additional 974 shares during the period. HBW Advisory Services LLC purchased a new position in shares of Horizon Expedition Plus ETF during the fourth quarter worth approximately $152,000. Ausdal Financial Partners Inc. purchased a new position in shares of Horizon Expedition Plus ETF during the third quarter worth approximately $282,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Horizon Expedition Plus ETF during the third quarter worth approximately $440,000.

Horizon Expedition Plus ETF Stock Performance

NYSEARCA HBTA traded up $0.02 during trading on Wednesday, hitting $32.69. The stock had a trading volume of 5,500 shares, compared to its average volume of 20,729. The stock has a market capitalization of $147.11 million, a price-to-earnings ratio of 29.06 and a beta of 1.53. Horizon Expedition Plus ETF has a one year low of $23.54 and a one year high of $32.75. The stock has a 50 day simple moving average of $29.61 and a 200 day simple moving average of $29.17.

About Horizon Expedition Plus ETF

The Horizon Expedition Plus ETF (HBTA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies combined with an options strategy with the aim of providing overall total return. The fund pursues strategic portfolio allocation, along with active security selection. HBTA was launched on Jan 22, 2025 and is issued by Horizon Kinetics.